New Delhi, March 30 The income tax department said on Monday that "banking companies" governed by the provisions of the Banking Regulation Act, 1949, will deduct TDS (Tax Deducted at Source) on interest income exceeding the prescribed threshold.Under the Income Tax law, tax is to be deducted...
banking companies
banking regulation act
citizens
financial year
income tax
income tax act
interest income
post office deposits
section 402
section 51
senior citizens
taxdeductedatsource (tds)
tax law
tax threshold
x platform
New Delhi, March 26 Crypto exchange WazirX introduced a flat-fee subscription model with its platform relaunch, aimed at reducing trading costs for retail investors, as digital asset adoption accelerates in India.The platform's 'ZERO' plan replaces traditional percentage-based brokerage fees...
New Delhi, March 5 The Central Information Commission (CIC) has advised the Income Tax Department to "establish a taxpayer-friendly mechanism", highlighting that taxpayers are often forced to "run around" in order to resolve their grievances.This observation came in an order passed by...
central information commission
complaints
discrepancies
drawing and disbursing officer (ddo)
form 16
form 26as
government accountability
income tax department
information disclosure
reconciliation of discrepancies
taxdeductedatsource (tds)
tax discrepancies
taxpayer grievances
taxpayer rights
New Delhi, February 11 The Supreme Court on Wednesday dismissed a petition alleging the absence of a mechanism to inform people about their obligation regarding tax deducted at source (TDS) when purchasing property valued at more than Rs 50 lakh.A bench of Justices Vikram Nath and Sandeep...